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Novosadov [1.4K]
3 years ago
8

Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1. Accounts receivable $ 40

,830 Accounts payable 7,740 Cash 17,500 Common stock 43,000 Land 28,840 Long-term notes payable 24,500 Merchandise inventory 27,750 Retained earnings 39,680
Business
1 answer:
slega [8]3 years ago
5 0

Answer:

Explanation:

                                           Alpha Co.

                                         Balance Sheet

                                     At at Year 1

                                                                 <em>Amount in $</em>

Current Assets

Accounts Receivable                               40,830

Cash                                                          17,500

Inventory                                                   27,750

Total Current Assets                                86,080

Non-Current Assets

Land                                                          28,840

Total Assets                                             <em><u>114,920</u></em>

Current Liabilities

Accounts Payable                                    7,740

Long Term Liabilities

Long Term Note payable                       24,500

Stockholders' Equity

Common Stocks                                     43,000

Retained Earnings                                  39,680

Total liabilities & Stockholders' Equity

( 7,740+24,500+43,000+39,680)         <em><u>114,920</u></em>                                                            

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Work hours are unlimited for which of these as it pertains to child labor laws?
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Answer: D

Explanation: Im not sure if im correct but i believe its D

3 0
2 years ago
30) The theme dominating global financial markets today is the complexity of risks associated with financial globalization. List
ZanzabumX [31]

Answer and Explanation:

The following are the examples:

1. Effect on the big deficit or the public debt crisis: It involves the present eurozone crisis, in this the rate of interest and the exchange rate would be effected

2. The monetary system i.e. international would be under scrutiny. As if there is an increase in the renminbi of chinese so the outlook of the would be varied on the currencies i.e. reserved, currency exchange, etc

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6 0
3 years ago
Bramble Corporation had January 1 and December 31 balances as follows. 1/1/17 12/31/17 Inventory $112,000 $133,000 Accounts paya
melisa1 [442]

Answer:

$604,000

Explanation:

Given that,

                                  Opening            Closing

Inventory                   $112,000           $133,000

Accounts payable     $55,000           $64,000

Cost of goods sold = $592,000

Cost of goods sold = Opening stock + Purchases - Closing stock

Purchases = Cost of goods sold - Opening stock + Closing stock

                  = $592,000 - $112,000 + $133,000

                  = $613,000

Bramble’s 2017 cash payments to suppliers:

= Opening accounts payable + Purchases - Closing accounts payable

= $55,000 + $613,000 - $64,000

= $604,000

8 0
3 years ago
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand,
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Answer:

$10,200,000.

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End inventory + Sales - Begin inventory = # of units that need to be produced

# of units that need to be produced @  $30 per = Your answer

4 0
3 years ago
ExxonMobil has historically had a very low debt-to-equity ratio within the oil industry, but it recently issued $12 billion in n
Galina-37 [17]

Answer:

The WACC before bond issuance is 3.9% and the WACC after bond issuance is 3.71%

Explanation:

In order to calculate the WACC before bond issuance , we would have to calculate first the cost of equity  using capital asset pricing model .

So Using CAPM we have Rf + Beta x Market risk premium

= 0.5% + 0.85 * 4%

= 3.9% . cost of equity

Therefore WACC before bond issuance = (Cost of equity x weight of equity + cost of debt (1-tax) x weight of debt)

= 3.9% . WACC before bond issuance will be equal to cost of equity in this case as there is no debt issue.

In order to calculate the WACC after bond issuance  we make the following calculation:

WACC after bond issuance = (Cost of equity x weight of equity + cost of debt (1-tax) x weight of debt)

= (3.9% x 0.9) + (2% x 0.1)

= 3.51% + 0.2%

= 3.71%

4 0
3 years ago
Read 2 more answers
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